Tuesday, April 26, 2011

Investors Only: WMB Announces Significant Dividend Increase; CVX, XOM Raise Dividend

Williams Cos raises quarterly dividend 60% to $0.20 per share: This 60 percent increase in the quarterly dividend is consistent with the plan the company described on February 16, 2011, to increase shareholder value.

Williams is targeting an additional 10 percent to 15 percent increase for the quarterly dividends it will pay beginning in June 2012.

Along this same line, because of an "embarrassment" of riches when the major oil companies report their quarterly earnings starting tomorrow, there has been talk that the majors will want to return to shareholders as quickly as possible some of those profits in terms of increased dividends and/or stock re-purchases. We'll see.

FYI.
UPDATES

Update: 4:26 p.m., April 27, 2011:  3:36PM Chevron announces 8.3% increase in quarterly dividend to $0.78/share (CVX)

Update, 2:32 p.m., April 27, 2011: 1:43PM Exxon Mobil increased its qtrly dividend to $0.47/share from $0.44/share (XOM)
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$150 Million State Project To Provide Water for Municipalities, Fracking Approved -- Williston Oil Basin, North Dakota, USA

This was a fairly "hot" issue pitting developers of a $150 million "state" project against independent water suppliers.

As far as I can tell, there were two issues for legislators to consider:
  • The cost and how to pay for it, if passed
  • Water management: whether it was needed (whether there was a problem that needed fixing)
The bill was overwhelmingly supported by the legislature and will be signed by the governor.

Data points:
  • $150 million project
  • Financed by a "patchwork" of state government loans (3 loans, including one from Bank of North Dakota)
  • Project to be overseen by a 11-member state board
  • If the project fails/defaults, the project will be taken over by the state Water Commission and will be responsible for paying back the loan
Water will be piped from the Missouri River near Williston, North Dakota
The project will expand the Williston water treatment plan to handle 21 million gallons per day, up from the current capacity of 10 million gallons. The pipeline will extend to Grenora to the northwest, Ray to the northeast and Alexander and Watford City to the south.

Smaller lines will bring water to individual properties that don't currently have access to river water, said, David Johnson, the project's chief engineer. Those pipes should be carrying water by the end of 2012, he said.
FYI.


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Grail Oil Field -- A Three Forks Well: 129,000 Bbls In Less Than 6 Months

News

December 14, 2018: thoughts on the "Helis Grail."

December 14, 2018: the "Helis Grail" -- a case study.


November 7, 2018: announced -- QEP will exit the Bakken; Vantage Energy Acquisition Corporation.

July 30, 2018: comment -- my 2 cents worth -- I know the bankers, financial advisors, etc. -- those making money off fees/transactions -- disagree with me, but the biggest mistake the mineral owners in Grail oil field made several years ago was failing to vote in favor of unitizing the field. It was common sense but advisors had personal interests in recommending not unitizing the field; and mineral owners who voted against the proposal were simply either ignorant, or did not trust QEP. Opinion only and I'm probably in the minority. 

July 30, 2018: evidence that QEP is beginning major re-frack program in the Bakken; many wells fracked in Grail (and Deep Water Creek Bay) in late 2017 and early 2018; production updated below for early Grail wells; and re-fracks noted; many wells coming off-line suggesting re-fracks coming; 

November 30, 2014: some huge Grail wells are being reported.

October 23, 2014: the Grail wells have been updated.

March 24, 2014: since my last update, I noted QEP canceled seven permits in the Grail oil field. Graphic at link.

March 3, 2014: QEP withdraws proposal to unitize the Grail oil field. Scroll to bottom of this post to see level of activity in the Grail oil field at time the proposal was withdrawn.

March 1, 2014: Fargo attorney representing a mineral owner out of Bismarck trying to thwart QEP's plans to unitize the Grail; on the dockets next week. 

October 12, 2013: QEP to request unitization of the Grail-Bakken oil field. 

Permits

Issued in 2016
32554, PNC, QEP, Moberg 2-18T2HD, Grail,
32553, PNC, QEP, Moberg 1-18T3HD, Grail,
32552, PNC, QEP, Moberg 5-18BHD, Grail,
32551, PNC, QEP, Moberg 1-18T2HD, Grail,

Issued in 2015 (list is complete)
32345, 618, QEP, KDM 3-7-6T3HD, Grail, t10/16; cum 171K 5/20;
32344, 2,251, QEP, KDM 3-7-3T2HD, Grail, t10/16; cum 206K 5/20;
32191, PNC, QEP,
32190, PNC, QEP,
32189, PNC, QEP,
32188, PNC, QEP,
32108, PNC, QEP,
32107, 1,541, QEP, KDM 1-7-6T2HD, Grail, t10/16; cum 237K 5/20;
32106, PNC, QEP,
32105, 1,763, QEP, KDM 5-7-6BHD, Grail, t10/16; cum 233K 5/20;
32104, PNC, QEP,
32103, PNC, QEP,
32102, PNC, QEP,
32101, PNC, QEP,
32087, 2,133, QEP, KDM 6-7-2BHD, Grail, t9/16; cum 200K 5/20;
32086, 2,153, QEP, KDM 4-7-6T2HD, Grail, t9/16; cum 214K 5/20;
32085, 1,459, QEP, KDM 7-7-6BHD, Grail, t9/16; cum 232K 5/20;
32084, PNC, QEP,
32083, 772, QEP, KDM 2-7-6T3HD, Grail, t9/16; cum 182K 5/20;
32082, PNC, QEP,
32081, PNC, QEP,
32080, 1,213, QEP, KDM 5-7-6TDH, Grail, t916; cum 168K 5/20;
32057, loc, QEP,
32056, loc, QEP,
32055, PNC, QEP,
32054, loc, QEP,
31918, loc, QEP,
31917, loc, QEP,
31916, loc, QEP,
31915, loc, QEP,
31914, loc, QEP,
31913, loc, QEP,
31912, loc, QEP,
31829, 1,470, QEP, TAT4-33-28T2HDR, Grail, 12/16; cum 130K 5/20;
31696, drl-->conf-->1,042, QEP,Ernie3-10-2-11BHD, Grail, t4/16; cum 237K 5/20;
31695, drl-->conf, QEP,
31694, drl-->conf, QEP,
31693, drl-->conf, QEP,
31692, drl-->conf, QEP,
31691, drl-->conf, QEP,
31577, 1,800, QEP, TAT 7-33-28BHD, Grail, t12/16; cum 282K 5/2;
31576, loc, QEP,
31575, loc, QEP,
31574, loc, QEP,
31008, 2,725, QEP, Henderson 1-12-2-11T2H, Grail, t11/15; cum 199K 5/20;
31007, conf, QEP, producing as of 11/15;
31006, conf, QEP, producing as of 11/15;
31005, conf, QEP, producing as of 11/15;
30608, conf, QEP, Boggs 2-29-32T2HD, producing as of 10/15;
30607, conf, QEP, Boggs 8-29-32BHD, producing as of 10/15;
30606, 1,090, QEP, Boggs 6-29-32THD, Grail, t10/15; cum 320K 5/20;
30605, PNC, QEP, Boggs 5-29-32THD, 

Issued in 2014 (the list is complete)
  • 29831, 1,824, QEP, Thompson 1-29-32T2HD, t4/14; cum 300K 5/20;
  • 29830, 807, QEP, Thompson 5-29-32BHD, t4/15; cum 101K 12/15;
  • 29829, 1,358, QEP, Thompson 6-29-32BHD, t4/15; cum 130K 12/15;
  • 29828, 1,657, QEP, Thompson 4-29-32THD, t4/15; cum 125K 12/15;
  • 29827, c2,191, QEP, Thompson 7-29-32BHD, t4/15; cum 153K 9/15;
  • 29786, 1,599, QEP, P. Levang 2-14-23TH, t8/15; cum 58K 9/15;
  • 29749, 2,159, QEP, P. Levang 1-14TH, t5/15; cum 89K 9/15;
  • 29520, 2,406, QEP, P. Levang 3-14-23BH, t8/15; cum 60K 9/15;
  • 29519, 2,396, QEP, P. Levang 4-14-23BH, t8/15; cum 46K 9/15;
  • 29394, 2,199, QEP, TAT 5-35-26TH, t7/15; cum 43K 9/15;
  • 29393, 2,240, QEP, TAT 5-35-26BH, t7/15; cum 61K 9/15;
  • 29360, 2,520, QEP, Jones 1-15-22BH, t8/15; cum 28K 9/15;
  • 29359, 2,080, QEP, Jones 2-15-22BH, t8/15; cum 20K 9/15;
  • 29358, 722, QEP, Jones 1-15-23TH, t9/15; cum 7K 9/15;
  • 29357, 1,013, QEP, Jones 2-15-23TH, t9/15; cum 11K 9/15;
  • 29329, 2,291, QEP, Jones 15-22-16-21LL, Grail, t9/15; cum 541K 5/20;
  • 29328, drl, QEP, Jones 4-15-22BH, producing since 9/15
  • 29327, drl, QEP, Jones 6-15-22TH, producing since 9/15
  • 29326, drl, QEP, Jones 3-15-22BH, producing since 9/15
  • 29325, drl, QEP, Jones 5-15-22TH, producing since 9/15
  • 29324, drl, QEP, Jones 3-15-23TH, producing since 9/15
  • 28689, 2,712, QEP, State 3-16-21TH, t3/15; cum 169K 9/15;
  • 28688, 2,602, QEP, State 4-16-21BH, t3/15; cum 169K 9/15;
  • 28667, 2,106, QEP, Johnson 8-5-9-4LL, t2/15 cum 169K 9/15;
  • 28666, 2,341, QEP, Johnson 4-9-4BH, t2/15; cum 237K 9/15;
  • 28665, 1,974, QEP, Johnson 3-9-4TH, t2/15; cum 177K 9/15;
  • 28622, 2,545, QEP, Moberg 18-13LL, t8/14; cum 88K 12/14;
  • 28490, 2,022, QEP, Severin 2-16-17BH, t9/14; cum 187K 9/15;
  • 28489, 2,343, QEP, Severin 1-16-17BH, t9/14; cum 206K 9/15;
  • 28488, 2,222, QEP, Severin 9-8-16-17LL, t9/14; cum 197K 9/15;
  • 28265, 2,290, QEP, Kirkland 14-23-13-24LL, t10/14; cum 124K 9/15;
  • 28261, 2,103, QEP, Linseth 16-21-15-22LL, t12/14; cum 141K 9/15;
  • 28260, 2,424, QEP, Linseth 4-22-15BH, t12/14; cum 177K 9/15;
  • 28259, 2,009, QEP, Linseth 3-22-15TFH, t12/14; cum 175K 9/15;
  • 28258, 2,319, QEP, Linseth 3-22-15BH, t12/14; cum 163K 9/15;
  • 28168, IA/649, QEP, State 3-16-21BH, Grail, t12/14; cum 7K 7/15;
  • 28167, 2,761, QEP, State 2-16-21TH, Grail, t10/14; cum 270K 9/15;
  • 28166, 2,204, QEP, State 2-16-21BH, Grail, t10/14; cum 204K 9/15;
  • 28165, 1,444, QEP, State 1-16-21BH, Grail, t10/14; cum 96K 9/15;
  • 28133, 2,341, QEP, Moberg 4-18BH, Grail, t8/14; cum 192K 12/15;
  • 28132, 2,362, QEP, Moberg 3-18TH, Grail, t8/14; cum 161K 12/15;
  • 28131, 1,546, QEP, Moberg 2-18BH, Grail, t8/14; cum 167K 12/15;
  • 28130, 2,318, QEP, Moberg 1-18BH, Grail, t8/14; cum 233K 12/15;
  • 28022, 2,566, QEP, Moberg 2-20-21TH, Grail, t11/14; cum 188K 9/15;
  • 28021, 2,529, QEP, Moberg 3-20-21BH, Grail, t11/14; cum 198K 9/15;
  • 28020, 2,325, QEP, Moberg 3-20-21TH, Grail, t11/14; cum 176K 9/15;
  • 28019, 2,590, QEP, Moberg 4-20-21BH, Grail, t11/14; cum 225K 9/15;
  • 28006, 2,188, QEP, Moberg 17-16-20-21LL, Grail, t7/14; cum 243K 12/15;
  • 27993, 2,620, QEP, Moberg 1-20-21BH, Grail, t8/14; cum 267K 12/15;
  • 27992, 2,320, QEP, Moberg 2-20-21BH, Grail, t8/14; cum 200K 12/15;
  • 27816, 1,952, QEP, TAT 33-28-34-27LL, Grail, t8/14; cum 155K 12/15;
  • 27792, 1,664, QEP, TAT 2-33-28-BH, Grail, t8/14; cum 191K 12/15;
  • 27791, 2,096, QEP, TAT 1-33-28BH, Grail, t8/14; cum 188K 12/15;
  • 27782, 2,045, QEP, TAT 1-35-26BH, Grail, t7/15; cum 57K 9/15;
  • 27781, 2,055, QEP, TAT 1-35-26TH, Grail, t7/15; cum 45K 9/15;
  • 27780, 2,244, QEP, TAT 2-35-26BH, Grail, t7/15; cum 51K 9/15;
  • 27766, 1,205, QEP, Veeder 27-3426-35LL, Grail, t6/14; cum 98K 12/15;
  • 27705, 2,163, QEP, Kirkland 22-15-23-14LL, Grail, t9/14; cum 147K 12/15;
  • 27702, 1,562, QEP, Otis 28-29-33LL, Grail, t7/14; cum 233K 12/15;
  • 27657, 2,539, QEP, Johnson 3-9-4BH, Grail, t2/15; cum 197K 9/15;
  • 27649, 2,262, QEP, Moberg 2-17-16TH, Grail, t7/14; cum 237K 12/15;
  • 27648, 2,543, QEP, Moberg 3-17-16BH, Grail, t7/14; cum 173K 12/15;
  • 27647, 1,581, QEP, Moberg 4-17-16BH, Grail, t7/14; cum 457K 5/20;
Issued in 2013 (list is complete)
  • 27146, 2,172, QEP, Kirkland 3-23-14BH, Grail, t9/14; cum 275K 5/20;
  • 27145, 2,213, QEP, Kirkland 4-23-14BH, Grail, t9/14; cum 75K 12/14;
  • 27144, 2,256, QEP, Kirkland 2-23-14TH, Grail, t9/14; cum 69K 12/14;
  • 27143, 1,417, QEP, Moberg 1-22-15BH, Grail, t7/14; cum 84K 12/14;
  • 27142, 723, QEP, Moberg 2-22-15BH, Grail, t7/14; cum 86K 12/14;
  • 27141, 1,137, QEP, Moberg 2-22-15TH, Grail, t7/14; cum 93K 12/14;
  • 26957, 1,599, QEP, Veeder 1-27-34BH, Grail, t6/14; cum 90K 12/14;
  • 26850, 1,861, QEP, Otis 4-28-33BHR, Grail, t7/14 cum 164K 12/14;
  • 26849, dry, QEP, Otis 4-28-33BH, Grail, casing failure;
  • 26848, 1,530, QEP, Otis 3-28-33TH, Grail, t7/14; cum 136K 12/14;
  • 26847, 1,855, QEP, Otis 3-28-33BH, Grail, t7/14; cum 153K 12/14;
  • 26524, 2,561, QEP, TAT 2-33-28TH, t5/14; cum 72K 8/14;
  • 26523, 2,767, QEP, TAT 3-33-28BH, t5/14; cum 73K 8/14;
  • 26522, 2,709, QEP, TAT 3-33-28TH, t5/14; cum 66K 8/14;
  • 26521, 2,661, QEP, TAT 4-33-28BH, t5/14; cum 79K 8/14;
  • 26329, 3,180, QEP, Poncho 5-3-10BH, t4/14; cum 71K 8/14;
  • 26319, 2,183, QEP, Pogo 28-33-27-34LL, t3/14; cum 91K 8/14;
  • 26304, 2,599, QEP, Veeder 4-27-34BH, t5/14; cum 55K 8/14;
  • 26303, 2,170, QEP, Veeder 3-27-34TH, t6/14; cum 44K 8/14;
  • 26302, 1,146, QEP, Veeder 3-27-34BH, t6/14; cum 55K 8/14;
  • 26301, 1,411, QEP, Veeder 2-27-34TH, t6/14; cum 47K 8/14;
  • 26300, 1,441, QEP, Veeder 2-27-34BH, t6/14; cum 46K 8/14;
  • 26235, 2,270, QEP, Moberg 3-18BH, t11/13; cum 129K 8/14;
  • 26234, 2,524, QEP, Moberg 3-18TH, t11/13; cum 111K 8/14;
  • 26227, 2,383, QEP, Kirkland 2-23-14BH, t10/14; cum 135K 9/15;
  • 26226, 2,364, QEP, Kirkland 1-23-14BH, t10/14; cum 101K 9/15;
  • 26140, 2,496, QEP, TAT 4-35-26BH, t4/14; cum 58K 8/14;
  • 26139, 2,232, QEP, TAT 3-35-26BH, t4/14; cum 58K 8/14;
  • 26138, 2,080, QEP, TAT 2-35-26TH, t4/14; cum 52K 8/14;
  • 26060, 2,323, QEP, Zorro 27-34-26-35LL, ICO, t1/14; cum 113K 9/15;
  • 25947, 2,482, QEP, Poncho 2-3-10TH, t4/14; cum 97K 9/15;
  • 25946, 297 (no typo), QEP, Poncho 2-3-10BH, t4/14; cum 138K 9/15;
  • 25945, 2,656, QEP, Poncho 1-3-19TH, t4/14; cum 101K 9/15;
  • 25944, 2,346, QEP, Poncho 1-3-10BH, t4/14; cum 153K 9/15;
  • 25871, 2,322, QEP, Pogo 1-28-33BH, t3/14; cum 185K 9/15;
  • 25870, 2,369, QEP, Pogo 2-28-33BH, t3/14; cum 170K 9/15;
  • 25869, 2,938, QEP, Pogo 2-28-33TH, t3/14; cum 200K 9/15;
  • 25868, PNC, QEP, Pogo 2-28-33TH,
  • 25861, 2,655, QEP, Zorro 3-35-26BH, t1/14; cum 157K 9/15;
  • 25860, 2,716, QEP, Zorro 4-35-26BH, t1/14; cum 160K 9/15;
  • 25756, PNC, QEP, Otis 29-32-28-33LL, Grail,
  • 25755, PNC, QEP, Otis 4-33-28BH, Grail,
  • 25754, PNC, QEP, Otis 3-33-28TH, Grail,
  • 25618, PNC, QEP, Johnson 3-4-9BH, Grail,
  • 25617, PNC, QEP, Johnson 3-4-9TH, Grail,
  • 25616, PNC, QEP, Johnson 4-4-9BH, Grail,
  • 25615, PNC, QEP, Johnson 5-8-9LL, Grail,
  • 25569, 2,642, QEP, Johnson 2-6-7TH, Grail, t11/13; cum 188K 9/15;
  • 25568, 2,130, QEP, Dodge 3-6-7BH, Grail, t11/13; cum 189K 9/15;
  • 25567, 2,307, QEP, Dodge 4-6-7BH, Grail, t11/13; cum 202K 9/15;
  • 25493, 1,310, QEP, Johnson 4-9-3-10LL, Grail, t6/14; cum 176K 9/15;
  • 25492, 1,106, QEP, Johnson 1-4-9BH, Grail, t6/14; cum 203K 9/15;
  • 25491, 1,615, QEP, Johnson 2-4-9BH, Grail, t6/14; cum 246K 9/15;
  • 25490, 2,262, QEP, Johnson 2-4-9TH, Grail, t6/14; cum 204K 9/15;
  • 25442, 1,581, QEP, Kummer 2-6-7BH, Grail, t10/13; cum 202K 9/15;
  • 25441, 2,988, QEP, Kummer 1-6-7BH, Grail, t11/13; cum228K 9/15;
  • 25440, 2,661, QEP, Kummer 6-7-5-8LL, Grail, t11/13; cum 172K 9/15;
  • 25306, 2,460, QEP, Paul 1-26-35BH, Grail, t12/13; cum 179K 9/15;
  • 25305, 2,243, QEP, Paul 2-26-35BH, Grail, t12/13; cum 168K 9/15;
  • 25304, 2,257, QEP, Paul 2-26-35TH, Grail, t12/13; cum 147K 9/15;
  • 25192, 3,075, QEP, Poncho 4-3-10BH, Grail, t7/13; cum 163K 9/15;
  • 25191, 1,863, QEP, Poncho 3-3-10BH, Grail, t7/13; cum 562K 5/20; huge jump in production;
  • 25188, 2,132, QEP, Bert 2-2-11TH, Grail, t10/13; cum 148K 9/15;
  • 25187, 2,175, QEP, Bert 2-2-11BH, Grail, t10/13; cum 179K 9/15;
  • 25186, 2,170, QEP, Bert1-2-11BH, Grail, t10/13; cum 202K 9/15;
  • 25041, 3,128, QEP, Lawlar 4-5-8BH, Grail, t4/14; cum 188K 9/15;
  • 25040, 2,981, QEP, Lawlar 3-5-8TH, Grail, t4/14; cum 147K 9/15;
  • 25039, 2,778, QEP, Lawlar 3-5-8BH, Grail, t4/14; cum 155K 9/15;
  • 25038, 2,401, QEP, Lawlar 2-5-8TH, Grail, t3/14; cum 214K 5/20;
  • 24949, 2,274, QEP, Patsy 2-29-32BH, Grail, t9/13; cum 419K 5/20; off-lien 5/18;
  • 24948, 2,638, QEP, Patsy 1-29-32BH, Grail, t9/13; cum 311K 5/20; off-line 5/18;
  • 24947, 2,586, QEP, Lawlar 2-5-8BH, Grail, t9/13; cum 658K 5/20; production drops way off 5/18; getting ready for re-frack?
  • 24946, 1,823, QEP, Lawlar 1-5-8BH, Grail, t9/13; cum 643K 5/20; a great well with no evidence of a re-frack;
  • 24827, 1,807, QEP, Hemi 2-27-34BH, t6/13; cum 286K 5/20;
  • 24826, 1,936, QEP, Hemi 1-27-34BH, t6/13; cum 354K 5/20;
Helis Wells in the Grail (through December 31, 2012)
  • 24687, 2,740, QEP, G. Levang 4-32-29BH, Grail, t8/13; cum 343K 5/20;
  • 24686, 2,207, QEP, G. Levang 13-32/29H, Grail, t8/13; cum 284K 5/20;
  • 24685, IA/2,994, QEP, G. Levang 3-32-29BH, Grail, t8/13; cum 387K 8/19;
  • 24684, 2,805, QEP, G. Levang 2-32-29TH, Grail, t8/13; cum 430K 5/20;
  • 24616, 2,389, QEP, Hemi 2-34-27TH, Grail, t5/13; cum 410K 5/20; off-line as of 4/18;
  • 24615, 3,167, QEP, Hemi 3-34-27BH, Grail, t5/13; cum 513K 5/20; off-line as of 4/18;
  • 24614, 2,729, QEP, Hemi 3-24-27TH, Grail, t5/13; cum 385K 5/20; off-line as of 4/18;
  • 19894, PA/794, QEP/Helis, Gabbert 4-2/11H, Grail, t2/12; cum 7K 2/13; 6 stages; 560K lbs;
  • 22879, 1,873, QEP/Helis, Gabbert 4-2/11HR, t9/12; cum 306K 5/20; a candidate for a re-frack?
  • 22880, IA/1,834, QEP/Helis, Bert 2-2/11H, Grail, t7/12; cum 373K 9/19; 30 stages; 3.6 million pounds; all ceramic?
  • 19898, 2,421, QEP/Helis, Gabbert 3-3/10H, Grail, t10/11; cum 486K 5/20; re-fracked late January, 2018;
  • 19680, 2,246, QEP/Helis, Johnson 1-4/9H; Grail, t9/11; cum 449K 5/20;
  • 17267, PNC, Helis,
  • 16689, PA/142 QEP/Helis, Linseth 4-8H, Grail, t6/08; cum 78K 8/12;
  • 21437, 2,256, QEP/Helis, Lawlar 16-8/5H, Grail, t4/12; cum 433K 5/20;
  • 16856, PA, last produced 12/11; 185, Peterson 15-15H, Grail, t6/08; cum 83K 7/13;
  • 18448, 2,429, QEP/Helis, Andrecovich 5-17/16H, Grail, t9/10; cum 552K 3/20;
  • 22194, 1,248, Helis, Moberg 13-17/16H, Grail, s4/12; t2/13; cum 499K 5/20;
  • 20226, 1,598, QEP/Helis, Moberg 4-20/21H, Grail, t12/11; cum 533K 5/20;
  • 21052, PA/1,684, QEP/Helis, Moberg 15-22/15H, Grail, t12/11; cum 304K 5/18; just came off-line 4/18;
  • 19379, 1,379, QEP/Helis, Kirkland 13-23/14H, Grail, t8/11; cum 383K 5/20;
  • 22363, 2,108, QEP/Helis, Kirkland 15E-23/14H, Grail, t10/14; cum 261K 5/20;
  • 21054, 1,601, QEP/Helis, Veeder 1-27/34H, Grail, t2/12; cum 389K 5/20;
  • 21465, 1,907, QEP/Helis, TAT 15-33/28H, Grail, t5/12; cum 550K 5/20;
  • 21456, 2,014, QEP/Helis, TAT 13-35/26H, Grail, t7/12; cum 485K 5/20;
  • 17722, 2,068, QEP/Helis, Henderson Federal 4-26/35H, Grail, t1/11; cum 383K 5/20;
  • 23278, 2,143, QEP/Helis, Paul 1-26/35H, Grail, t1/14; cum 314K 4/20; huge jump; re-fracked February, 2018;
  • 16929, SWD/517, QEP/Helis, Levang 4-28H, Grail, t8/08; cum 55K 9/15; pre-perf line; 600,000 lbs; short lateral, was TA, now a SWD;
  • 20780, 2,190, QEP/Helis, Henderson 1-28/33H, Grail, t6/12; cum 574K 5/20;; no evidence of a re-frack;
  • 17894, PNC, 
  • 19323, 2,521, QEP/Helis, Thompson 1-29/32H, Grail, t8/11; cum 582K 5/20; no evidence of a re-frack; appears to be a candidate for re-frack;
  • 22378, PNC, Helis,
  • 23626, PNC, Helis,
  • 19104, 1,203, QEP/Helis, Henderson 16-34/27H, Grail, t5/11; cum 435K 2/20; no evidence of a re-frack;
  • 22371, 3,668, QEP, Hazel 13-34/27H, Grail, t5/13; cum 684K 5/20; came off-line in 4/18; 
Original Post

Grail oil field is an irregularly-shaped 30-section oil field just west of the reservation; the field currently has two rigs on site. It is just south of the bull's eye of the Bakken, and shares its eastern border with the reservation. It looks like Helis is targeting the TFS.

June 25, 2012:
  • 20780, 2,190, QEP/Helis, Henderson 1-28/33H, Grail, Bakken, t6/12; cum 510K 5/18; Three Forks, gas shows as high as 5,000 units; frack data not yet posted as far as I could see; no evidence of a re-frack;
Back on March 3, 2011, this was reported:
  • 17722, 2,068, Helis Oil and Gas, LLC, Henderson Federal 4-26/35H, Grail, Bakken; TFS, 35K in 41 days; ~ 24-stage frac; t1/11; cum 345K 5/18;
But this is the "biggie" in Grail, section 17-149-95:
  • 18448, 2,429, Helis Oil and Gas, LLC, Andrecovich 5-17/16H, 24-stage frac; TFS, tested, 9/10; 129K in 4.5 months; 20K/month; t9/10; cum 520K 5/18;no evidence of a re-frack;
Helis was awarded another permit in Grail oil field today (April 26, 2011); and, two more permits on May 3, 2012. This is going to be an interesting field/interesting company to follow.


********************************************
Grail Oil Field Activity February 6, 2015



********************************************
Grail Oil Field Activity November 28, 2014





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Grail Oil Field Activity October 23, 2014

 
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Grail Oil Field Activity September 4, 2014
Three (3) Rigs



 *******************************************

Grail Oil Field Activity The Day QEP Withdrew Request to Unitize The Field, March, 2014
Seven (7) Rigs

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Oil Company CEO Donates $110 Million To USC -- Undergraduate Scholarships

Link here.

USC engineering school alumnus John Mork, 63, and his wife will donate $110 million to the University of Southern California to set up a fund to cover tuition and expenses for about 100 academically-gifted USC undergraduates annually.

The scholarships will be set aside for graduates of high schools near the USC campus south of downtown. Each scholarship will be worth about $47,000: $42,000 for annual tuition and $5,000 for expenses.

John Mork is the chief executive of Denver-based Energy Corp of America (privately held) which "controls vast lease acreage and thousands of wells in Appalachia, the Texas coast, the Rockies and New Zealand."

The scholarships will be awarded on academic promise, and not financial need. The high schools around the USC campus are located in some of the poorest neighborhoods in southern California attended by students of low-income families.
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Joint Venture to Build Pipeline From Cushing, Oklahoma, to the Gulf Coast -- Will Rival TransCanada's Keystone XL

The administration continues to delay the decision on granting permits for TransCanada's Keystone XL pipeline that would bring oil from Canada to the Gulf Coast refineries, taking pressure off the storage facilities at Cushing, Oklahoma, and bringing more crude to American refineries.

I have always maintained that TransCanada should work the problem in parallel. While waiting for the decision from the US government, it should go ahead and lay that portion of the pipeline from Cushing to Texas/Louisiana.

It appears someone is doing just that.
Two companies are joining forces to build an oil pipeline from Oklahoma to the Gulf Coast, creating a rival to TransCanada Corp.'s controversial plan to boost Canadian oil flows through the U.S.

Enterprise Products Partners LP and Energy Transfer Partners LP said Tuesday they are forming a joint venture to build a 400,000-barrel-a-day oil pipeline from Cushing—a major U.S. trading and storage hub for crude oil—to Houston, near the heart of the U.S. refining industry. 
It will be interesting to see how much support this joint venture will get from the states and the federal government, and how serious folks are about solving the energy problem the US faces. I'm not holding my breath.

Reuters is also carrying the story.
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